Crypto Blog
Bitcoin’s price has been consolidating above the $60K mark, failing to continue its upward trajectory. Yet, soon, it will become evident whether the market will pull back further or make a new all-time high.
If Bitcoin breaks below $60K, a massive drop toward the $52K area becomes much more likelier. Yet, if the price successfully reclaims the $68K level, creating a new all-time high would likely only be a matter of time.Looking at the 4-hour chart, the price has been creating a consolidation pattern over the last few weeks. The lower boundary of the pattern has recently held the price from dropping lower, but the market is once again approaching the same area.
Amid Bitcoin’s recent price drop, investors wonder whether the bull market is over or a natural price correction is occurring. Analyzing the futures market metrics can offer valuable insight into the market’s overall sentiment.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin Price Analysis: Is BTC Ready to Explode to a New ATH Following the Recent Correction?Crypto Blog
Read more »
This Bitcoin Metric Signals Caution Despite Attempts to Reclaim $67K: BTC Price AnalysisCrypto Blog
Read more »
Bitcoin Price Analysis: Is BTC on the Verge of Exploding to $75K?Crypto Blog
Read more »
Here’s What Drove Bitcoin’s Price Down to $65.5K in Hours: AnalysisCrypto Blog
Read more »
Bitcoin Price Analysis: Will BTC Reach $250,000?A normal price chart hints at a possible rise to around $112,000, but if we switch to a log chart, which traders use to understand higher-scale movements, the target could soar to about $250,000. Yet, we must note the long-term divergence - an indicator of an upcoming priceis now priced at $66,318. We can spot important levels that Bitcoin might touch. Currently, Bitcoin has a support level at around $63,000 and faces resistance around $68,304
Read more »
Bitcoin analysis eyes CPI as whales 'pressure' BTC price below $69KBitcoin whales are staging familiar manipulative moves as BTC price heads into CPI.
Read more »